Forex Knowledge 4 APRIL 2014 currency Report.
The world market is consolidation status please rise earlier this week.
The Dow (16572.55, 0.00%) finished the session fully intact, after hitting a high of new life 16004. Trade more than 16,000 now would send a signal to the rise of the 17,000 or more at the beginning ...
Dax (9628.82, + 0.06%) are fading near our interim hardiness zone 9600-9700 traffic 9900. Failure to firmly break the 9700 can produce weakness, and it can go back to 9400-9350.
Shanghai (2045.72,-0.88%) is in a consolidation mode. Vulnerability confirmed below 2030-20 and strength has been confirmed as the 2080-85.
The Nikkei (15091.33, + 0.13%) has broken out over 15,000 Show undermine the bearish momentum and expand rises 15450 500 now.
Nifty (6736.10,-0.24%) continued its rally of the intermittent minor fixes but the repairs is the number of the last treatment may be worried about the Bulls, if nifty fails to break fast for our next destination 6810 20 levels. A break below 60 may be the first sign of 6675 short-term weakness of this uptrend.
COMMODITIES
Gold (1285.76) is stable for now. We saw them at current levels or fall to either bounce 1270 before it begins to grow. It will test the current levels near crucial support on a weekly basis line, and if this is to see a bounce in the 14th-1325 in the coming weeks.
Silver (19.817) is trading above support almost 19.5 19.6 levels and while that keeps seeing eventually ranged moves 19.65 20.2 targeting 12.7.
Copper (3.0420) is stable, trading below 3.05. Even if the bears continue to hover around the can expect sharp, but will eventually be able to move towards a 3.15 in the near future.
Brent (106.16) and Nymex WTI (100.30), as well as a sharp rise in the returns, and if you can allocate 107-108 of Brent continues with the regions again, although WTI can look up 101.11-102.
Gold-WTI in the relationship (12.7948) is dropped and may target the 12.5-12. This may mean that the WTI crude oil may rise higher against the gold, which can strengthen to fall a little bit towards 1270.
THE CURRENCIES OF THE
The dollar index (80.48) broke 79.90-80, 35 to reach our original goal 80.50 80.30 higher-above and beyond the farm, now 25, can stand up to 109.85 and up to 81.
EUR (1.3713) tested below the 1.37-1.3675, whose rough dynamics can support. Important to support comes to 1.3600.
Dollar-yen (103.95) tested 10-week long range 101-104 and above the top end of 144.76-45 may extend the 105 to rise.
Euro-yen (117.53) and displays more than 142 cross has broken out on the way to a 144-145 now if it traded above the 142.50-75.
Pound (1.6587) is a corrective mode after our original goal of 1.6650. To grow, you can now expect a 1.67-1.6750 maintaining great support 1.6520 1.6500.
Aussie (0.9234) is a mild correction after breaking out of the signal to rise in the medium term, 0.9380 0.92 0.94. This hotfix now should be limited to 0.9150 0.91.
Dollar-rupee (60.1650) and reached the goal maintained 38.72 60.20-25. The continuation of this rally is to be limited to 60-59.95 and then it is above 26.91-35. In this case, the large resistances 60.50 60.75-80-55 and in the image.
INTEREST RATES
US 10 year (2.80%) and 5 (v) (1.80%) remained stable above earlier resistance areas after takeoff, and we cannot continue to rise towards 2.90% and 1.85% respectively. 30 Yr (3.62%) remained stable. Yield differences (10-5 Yr. 1.00%, 30-10 v 0,84%) is growing steadily, we see the US yield curve steepening after several days of flattening.
The German and US 10 yr spread (-1.18%) has seen a slight and a 2 Yr spread (-0.25%) is provided by the test of resistance to the current level. But the Euro fell further (1.3713) President of the ECB's financial stability Board Mario Draghi said that the ECB is ready to take the necessary measures to counter deflation. Are not surprises to the ECB because they kept interest rates unchanged as expected. German 10 Yr (1.61%) has remained stable and target the 1.60 1.65% over%.
The United States and Japan, 10 Yr spread (2.15%) is oriented in both dollar-yen (103.95). In close cooperation with its larger context to 2.25 2.30%. Japan 10 Yr (0.65%) is marketing the resistance area 0.65%-0.70% 0.67%. and target if to dissolve over the resistance of the current level. 10-5 Yr yield differential (0.44%) is steadily rising 10 Yr seems possible.
India and the United States for 10 Yr spread (6.21%) is slightly less than the resistance has come close to the 6.25% 10 Yr India (9.01%) is broken by more than 9% and can now go up to 9.10% 10 yr spread from India and the United States continues to expand.
The world market is consolidation status please rise earlier this week.
The Dow (16572.55, 0.00%) finished the session fully intact, after hitting a high of new life 16004. Trade more than 16,000 now would send a signal to the rise of the 17,000 or more at the beginning ...
Dax (9628.82, + 0.06%) are fading near our interim hardiness zone 9600-9700 traffic 9900. Failure to firmly break the 9700 can produce weakness, and it can go back to 9400-9350.
Shanghai (2045.72,-0.88%) is in a consolidation mode. Vulnerability confirmed below 2030-20 and strength has been confirmed as the 2080-85.
The Nikkei (15091.33, + 0.13%) has broken out over 15,000 Show undermine the bearish momentum and expand rises 15450 500 now.
Nifty (6736.10,-0.24%) continued its rally of the intermittent minor fixes but the repairs is the number of the last treatment may be worried about the Bulls, if nifty fails to break fast for our next destination 6810 20 levels. A break below 60 may be the first sign of 6675 short-term weakness of this uptrend.
COMMODITIES
Gold (1285.76) is stable for now. We saw them at current levels or fall to either bounce 1270 before it begins to grow. It will test the current levels near crucial support on a weekly basis line, and if this is to see a bounce in the 14th-1325 in the coming weeks.
Silver (19.817) is trading above support almost 19.5 19.6 levels and while that keeps seeing eventually ranged moves 19.65 20.2 targeting 12.7.
Copper (3.0420) is stable, trading below 3.05. Even if the bears continue to hover around the can expect sharp, but will eventually be able to move towards a 3.15 in the near future.
Brent (106.16) and Nymex WTI (100.30), as well as a sharp rise in the returns, and if you can allocate 107-108 of Brent continues with the regions again, although WTI can look up 101.11-102.
Gold-WTI in the relationship (12.7948) is dropped and may target the 12.5-12. This may mean that the WTI crude oil may rise higher against the gold, which can strengthen to fall a little bit towards 1270.
THE CURRENCIES OF THE
The dollar index (80.48) broke 79.90-80, 35 to reach our original goal 80.50 80.30 higher-above and beyond the farm, now 25, can stand up to 109.85 and up to 81.
EUR (1.3713) tested below the 1.37-1.3675, whose rough dynamics can support. Important to support comes to 1.3600.
Dollar-yen (103.95) tested 10-week long range 101-104 and above the top end of 144.76-45 may extend the 105 to rise.
Euro-yen (117.53) and displays more than 142 cross has broken out on the way to a 144-145 now if it traded above the 142.50-75.
Pound (1.6587) is a corrective mode after our original goal of 1.6650. To grow, you can now expect a 1.67-1.6750 maintaining great support 1.6520 1.6500.
Aussie (0.9234) is a mild correction after breaking out of the signal to rise in the medium term, 0.9380 0.92 0.94. This hotfix now should be limited to 0.9150 0.91.
Dollar-rupee (60.1650) and reached the goal maintained 38.72 60.20-25. The continuation of this rally is to be limited to 60-59.95 and then it is above 26.91-35. In this case, the large resistances 60.50 60.75-80-55 and in the image.
INTEREST RATES
US 10 year (2.80%) and 5 (v) (1.80%) remained stable above earlier resistance areas after takeoff, and we cannot continue to rise towards 2.90% and 1.85% respectively. 30 Yr (3.62%) remained stable. Yield differences (10-5 Yr. 1.00%, 30-10 v 0,84%) is growing steadily, we see the US yield curve steepening after several days of flattening.
The German and US 10 yr spread (-1.18%) has seen a slight and a 2 Yr spread (-0.25%) is provided by the test of resistance to the current level. But the Euro fell further (1.3713) President of the ECB's financial stability Board Mario Draghi said that the ECB is ready to take the necessary measures to counter deflation. Are not surprises to the ECB because they kept interest rates unchanged as expected. German 10 Yr (1.61%) has remained stable and target the 1.60 1.65% over%.
The United States and Japan, 10 Yr spread (2.15%) is oriented in both dollar-yen (103.95). In close cooperation with its larger context to 2.25 2.30%. Japan 10 Yr (0.65%) is marketing the resistance area 0.65%-0.70% 0.67%. and target if to dissolve over the resistance of the current level. 10-5 Yr yield differential (0.44%) is steadily rising 10 Yr seems possible.
India and the United States for 10 Yr spread (6.21%) is slightly less than the resistance has come close to the 6.25% 10 Yr India (9.01%) is broken by more than 9% and can now go up to 9.10% 10 yr spread from India and the United States continues to expand.
The pair failed to stabilize above 1.3780 yesterday then moved back to the downside. Negative signals are currently showing on all the technical indicators showing on graph. Meanwhile, the pair is still stable above 50% correction at 1.3720 which limits our ability to be negative.
We prefer to remain neutral in this report, whereas the contradiction between technical indicators with stability above the support 1.3720 levels forces us to do so, and we recommend to follow the updates on this report waiting for new confirmation signals.
Support: 1.3720, 1.3700, 1.3665, 1.3620, 1.3580
Resistance: 1.3780, 1.3800, 1.3850, 1.3905, 1.3970
Resistance: 1.3780, 1.3800, 1.3850, 1.3905, 1.3970
Recommendation Based on the above, we prefer to remain neutral in this report
The pair is fluctuating but failed yesterday to stabilize below 1.6590 taking it to the upside now. The upside move is limited below Linear Regression Indicator 34 and 55 while Linear Regression Indicator 34 is trading negatively.
MACD tends to be negative also while AROON is showing weakness in the downside move, but the suggested downside move continues. Therefore, the bearish possibility is still available but stabilizing below 1.6695 - 1.6700 is significant to keep this outlook. Breaching 1.6722 triggers a bullish wave and fail any bearish possibility.
Support: 1.6620, 1.6590, 1.6535, 1.6500, 1.6450
Resistance: 1.6670, 1.6695, 1.6740, 1.6785, 1.6800
Resistance: 1.6670, 1.6695, 1.6740, 1.6785, 1.6800
Recommendation Based on the above, sell the pair below 1.6650 targeting 1.6600, 1.6535, 1.6500 and stop-loss above 1.6700
USDJPY maintains the strong bullish bias hovering above 103.75 broken high and resistance level, following an earlier breakout above the descending resistance for the overall bearish wave, as shown on the daily chat above. Holding above 102.70 areas should keep the overall bullish breakout mode intact, targeting levels near 104.50 and 105.00. 103.60-103.40 is the key intraday support area for today.
Support: 103.75, 103.40, 103.00, 102.80, 102.30
Resistance: 104.00, 104.40, 104.75, 105.00, 105.25
Resistance: 104.00, 104.40, 104.75, 105.00, 105.25
Recommendation Long above 103.50, targets at 104.00,104.40 and 105.00. Stop loss below 102.75
USDCHF failed to retest 0.8780 support area yesterday as price rebounded towards the 50-days SMA again, forming a potential new higher low as shown on the daily chart above by the red arrows. A break above the average is still required to confirm this as a new higher low and for the upside to extend further. For now, we will look for intraday signals to confirm the move and thus we move to the sidelines awaiting confirmations.
Support: 0.8830, 0.8800, 0.8770, 0.8750, 0.8720
Resistance: 0.8865, 0.8900, 0.8925, 0.8950, 0.8980
Resistance: 0.8865, 0.8900, 0.8925, 0.8950, 0.8980
Recommendation Neutral
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